CMA seeks to tap into workers’ savings
EMPLOYEES in Musanze District are optimistic that investing on the Rwanda Stock Exchange will greatly improve their savings thereby stimulating sustainable economic development.
During a consultative workshop in the district on Tuesday, workers who earn a monthly salary within the region resolved to embrace the savings culture through the capital market.
“The practice of saving on the stock exchange market creates a non-diminishing investment over a long period of time,” said Dr Fabien Hagenimana, the Vice Rector in charge of Academics at Ruhengeri Institute of Higher Education (INES).
Celestin Rwabukumba, the Coordinator of Rwanda Stock Exchange (RSE) encouraged more workers to join the campaign.
“Once you buy shares in any given company, the registered profits are distributed to the shareholders where each one gets a dividend income,” he said.
Rwabukumba explained that an organised stock market has components which greatly help the investing public to own the securities, thereby facilitating financial sector development in Rwanda.
Charles Furaha, the Legal and Cooperate Manager at Capital Markets Authority (CMA), which regulates capital markets business in Rwanda allayed fears that the fluctuating prices of shares on the market could lead to a loss.
“Each company sets its prices depending on the targeted market but regulations are in place to ensure that no speculation to exaggerate them,” he said.
Interested investors can buy shares of several blue-chip companies like Rwanda Breweries (Bralirwa), Bank of Kigali (BK), Nation Media Group and Kenya Commercial Bank (KCB).
Contact email: sam.nkurunziza[at]newtimes.co.rw